97
97
tv
eye 97
favorite 0
quote 0
it is interesting because we do look and say it for the detroit. i don't think people realize they are sitting on something very similar. >> this is something that is going to happen in cities and states all across america. what we see in detroit is a precursor for the fiscal calamities that are going to occur because of unsustainable pensions and unaffordable health care costs. these have added up and we will have to pay for it one way or the other. liz: we are talking about is pensions, what we haven't talked about are the health benefits owed to government workers. i think the american people, the viewers think of themselves we are and are breaking point with property taxes and we won't pay for necessities have to merge with each of the. we are seeing that in california where cities are merging to take care of the cost of urban sprawl which is too expensive and doesn't work. >> these costs of course are not going away no matter how you restructure its things and you're absolutely right. when it comes to health care costs the unfunded liability f
it is interesting because we do look and say it for the detroit. i don't think people realize they are sitting on something very similar. >> this is something that is going to happen in cities and states all across america. what we see in detroit is a precursor for the fiscal calamities that are going to occur because of unsustainable pensions and unaffordable health care costs. these have added up and we will have to pay for it one way or the other. liz: we are talking about is pensions,...
146
146
Aug 5, 2013
08/13
by
CNBC
tv
eye 146
favorite 0
quote 0
. >> robert with the latest on detroit's art collection. now, about 45 minutes to go before the closing bell and dow is sitting down about 45 points. >> big news out of china. the government there reportedly considering its one-child-only policy -- or reconsidering, which could have a huge global economic impact. that story is next. >>> then, the street battle that seems to be targeting hedge fund bill ackman is heating up again. now, george's fund is involved and now ackman is throwing out accusations like insider trading. we'll get you the details on that. >>> and another hedge fund battle, the fallout after george clooney's harsh words for dan loeb saying wall street guys know nothing about the movie business, but who funds much of the movie business? we'll talk to a hollywood movie producer about where the movie money comes from and how much of it is from wall street. you may be surprised by those facts. [ male announcer ] come to the lexus golden opportunity sales event and choose from one of five lexus hybrids that's right for you, in
. >> robert with the latest on detroit's art collection. now, about 45 minutes to go before the closing bell and dow is sitting down about 45 points. >> big news out of china. the government there reportedly considering its one-child-only policy -- or reconsidering, which could have a huge global economic impact. that story is next. >>> then, the street battle that seems to be targeting hedge fund bill ackman is heating up again. now, george's fund is involved and now...
89
89
tv
eye 89
favorite 0
quote 0
ashley: detroit is trying to track its bankruptcy. we'll tell you what it could mean for creditors and retirees. but first, as we do this time of day let's take a look how oil is trading. essentially flat, a little lower, down 21 cents at $1906.74 a barrel. we'll be right back. -- $106.79 a barrel. [ male announcer ] how do you get your bounce? with the bounce dryer bar, my clothes will be fresh out of the drawer for weeks. and it's great when things last a long time. well...most things. [ male announcer ] how do you get your bounce? [ woman ] can't regret fresh. tracy: that time of day charles payne looking a oil in new guinea? >> papua, new guinea. this one is a little bit tough. everyone loves the oil and gas story, particularly natural gas. we love it. tracy: yeah. >> we understand it. papua, new guinea? tracy: a fair amount of people would have to leak on a map to figure out where new guinea is. ashley: to start. >> from a political point of view they have had issues. late last year they put the former prime minister on the board
ashley: detroit is trying to track its bankruptcy. we'll tell you what it could mean for creditors and retirees. but first, as we do this time of day let's take a look how oil is trading. essentially flat, a little lower, down 21 cents at $1906.74 a barrel. we'll be right back. -- $106.79 a barrel. [ male announcer ] how do you get your bounce? with the bounce dryer bar, my clothes will be fresh out of the drawer for weeks. and it's great when things last a long time. well...most things. [ male...
105
105
Aug 5, 2013
08/13
by
CSPAN
tv
eye 105
favorite 0
quote 0
detroit is filing for bankruptcy. these democratic cities have democratic policies for such a long time. when they have their way, that's what happens. we continue on with these policies that are being pushed down our throats. that is going to happen to a larger scale. we cannot afford everything. we cannot be everything to everybody. we need to live within our means. i grew up among democrats. i hear this nonsense all the time. we need to live within our means. host: ron is from tip of florida this morning. -- is from tampa, florida this morning. we brought up the proposals tea party members are pushing. a possible government shutdown if government includes financing for the affordable care act and its proposal to extend government funding beyond that date. today's "washington post," he is a republican strategist talking about that strategy as a possible option under his headline -- scott is from maine on our independent line. talk about this idea of compromise. is it possible in today's political climate? caller: i
detroit is filing for bankruptcy. these democratic cities have democratic policies for such a long time. when they have their way, that's what happens. we continue on with these policies that are being pushed down our throats. that is going to happen to a larger scale. we cannot afford everything. we cannot be everything to everybody. we need to live within our means. i grew up among democrats. i hear this nonsense all the time. we need to live within our means. host: ron is from tip of florida...